US stocks are close to reaching their tech bubble peak relative to bonds, says Michael Hartnett, Chief Investment Strategist at BofA Merrill Lynch Global Research.
Ron William of RW Advisory thinks cable will target 1.15 in 2017, reaching the bottom of an 8-year cycle.
A medium-term top has completed on USDJPY turning the core trend bearish, according to David Sneddon and his team at Credit Suisse.
A broad-based commodities rally is looking increasingly likely, says James Dima, technical analyst at Marex Spectron.
The long-term S&P500 bull market remains intact despite recent signs of selling pressure, says Ron Meisels of Phases Cycles.
The outlook for the S&P500 remains bullish despite a fall in the Investor’s Intelligence survey last week, says Ari Wald at Oppenheimer.
A chart of the 3 month LME lead futures contract has shown a sharp narrowing of Bollinger bands overlaid on price, says James Dima at Marex Spectron.
The S&P500 is likely to top in late summer as high as 2450, according to Estevao Oliveira at Haitong Bank.
Although AUDUSD may continue to recover further after its bounce on Friday, David Sneddon and his team at Credit Suisse in London still believe it’s likely to move lower within the next few weeks.
The weekly RSI reached 75 on the S&P 500 last week and, contrary to popular belief about this being an overbought signal, Ari Wald at Oppenheimer, thinks this is a bullish sign that the market is in the early stages of a new advance.